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comment by mk
mk  ·  3517 days ago  ·  link  ·    ·  parent  ·  post: Vampire Capital: 30% of the national output goes to people who did not produce it

    I realize that hegemony is a hell of a drug and, as Marx himself points out, legitimating ideologies form up around whatever the economic system happens to be at any given time. But really this desert style of argument is not something people should be entertaining at all. The fact that capitalism does not distribute out according to desert was like 95% of the whole Marxist point! The pro-capitalist response is supposed to be that, for instrumental utilitarian reasons, it’s OK to essentially tax 30% of the national product and hand it over almost entirely the wealthiest 10%. That’s supposed to be a compelling argument, so why can’t we all stay in our lanes on this?

This is what the marginal tax is supposed to be for. Let capital move, but don't let it accumulate such that it becomes little more than a beneficiary.